Interim Market Update July 28, 2022

[SOL]

Embracing fear is akin to ingesting cyanide, albeit in a mental form; the result is all but obvious, no matter what you do, you are done for.

I don't recognize fear, it takes time to get to that level, but anyone can, with practice and patience can, get there. When fear shows up, start to laugh and do the opposite of what the illogical emotion makes you believe is the right course of action.

I see no value in fear.

The things you describe as fearing are more EGO based than fear based. Fear has no use, it corrupts any reasonable line of thought you might possess, and the outcome is almost always bad or terrible. Learn to ignore fear, don't resist it, for there is nothing to resist. Fear is an illusion that is then justified or supported by the delusional thought process your brain decides to take to say well, I am doing something about it.

[SOL]

I would go one step, never fear anything. Fear is a useless emotion guaranteed to throw the brain into an illogical loop where illusions supported by delusions cement any silly idea generated

Easy for you to say.

15 years ago I threw a boomerang and it didn't come back. I'm afraid to leave the house now.

Hahaha, Harry, your Satire is beyond incredible; it borders on the surreal. You really need to explore this side of yourself. I was told that I could argue with the devil and win. I think you would kill the devil with laughter

[MarkD]

Ms. Fear woke me up at midnight screaming at an imaginary ghost in our bedroom. Might need 24 hour trading to start so I can sleep during the day.

[Investor87]

My father wears a hat that says, "I live with fear everyday... sometimes she lets me go fishing."

[PuppBaby]

It ended after hours with the earnings release for AAPL and AMZN. One of our plays popped big time also. I would have closed but my alert doesn't notify after hours. Will pay closer attention but expect the a.m. will provide ample opportunity for the sale.

A lot of stocks jumped after hours.
I sold a call on Amzn for 125. that expires today. The price stayed below that all week, closing Thursday at 122. I thought I was safe until I saw the after hours jump. I will likely lose my AMZN shares today. (there is no crying emoji) The premium to buy back is too much to make it worth it. I will be watching this all day. Maybe I will buy GOOGL instead.

Be careful and mindful around earnings reports, I got slapped around by Verizon last week and it still hurts. However, keep in mind you have to lose sometime and there's nothing wrong with that. I bought some calls for MSFT and Amzn and fortunately I am up on the two plays and have recovered what I lost and then a hefty sum from my failed VZ play. It takes time and patience but looking at the bigger picture is key.

I have changed my strategy now that we are more confident in the bull, I have stopped with SCSP and now I prefer buying calls (also it take more funds for SCSP which I am low on currently). I am buying calls into Jan-2023 this gives me extra time against decay and in the case this bull runs longer than anticipate.

[Budge]

It ended after hours with the earnings release for AAPL and AMZN. One of our plays popped big time also. I would have closed but my alert doesn't notify after hours. Will pay closer attention but expect the a.m. will provide ample opportunity for the sale.

A lot of stocks jumped after hours.
I sold a call on Amzn for 125. that expires today. The price stayed below that all week, closing Thursday at 122. I thought I was safe until I saw the after hours jump. I will likely lose my AMZN shares today. (there is no crying emoji) The premium to buy back is too much to make it worth it. I will be watching this all day. Maybe I will buy GOOGL instead.

Be careful and mindful around earnings reports, I got slapped around by Verizon last week and it still hurts. However, keep in mind you have to lose sometime and there's nothing wrong with that. I bought some calls for MSFT and Amzn and fortunately I am up on the two plays and have recovered what I lost and then a hefty sum from my failed VZ play. It takes time and patience but looking at the bigger picture is key.

I have changed my strategy now that we are more confident in the bull, I have stopped with SCSP and now I prefer buying calls (also it take more funds for SCSP which I am low on currently). I am buying calls into Jan-2023 this gives me extra time against decay and in the case this bull runs longer than anticipate.

I general I don't pay much mind to earnings but take a passing interest when a stock price reacts out of the ordinary. For example, take one of my favorite criminal enterprises (just so many to choose from) PFE. Blow out numbers and yet...too much baggage. A friend is orgasmic about PFE, puzzled by its lackluster performance but convinced it will prevail. How many in the same boat my buddy Juan wonders?

[Yodean]

I don't recognize fear, it takes time to get to that level, but anyone can, with practice and patience can, get there.

The things you describe as fearing are more EGO based than fear based.

You fear Ms. Death and physical illness, BJ ... that much is obvious from all your posts. Nothing wrong with that, of course, but denial and repression will slow your progress.

We all have egos ... no exceptions. Nothing wrong with that, from a certain perspective - the ego may be viewed as an illusory projection created by an individual (generally sub/unconscious process over time) to interact with other egos on Metaverse Earth.

It's useful as a construct. Those who try to destroy their own egos generally end up creating a stronger, more powerful one - what one resists, persists.

Best to observe and watch one's ego in action - self-observation - instead of trying to kill it.

I don't take my own ego very seriously, and neither do I take yours, or Brandon's. I do often watch my own in action, of course, as it is quite entertaining.

Any talk of "levels," etc., is in itself a subtle manifestation of a Superiority Complex - i.e. an ego out of control.

Another example: there are a lot of religious types who look down on money, material possessions, etc., and pretend they are "above" all those things. Really, what is really the case is that they suck at making money, secretly desire money, but since they are unsuccessful at getting rich, they pretend they don't care about money.

These types engage in all sorts of "spiritual" practices for the world to see that they don't care about money.

They think they've destroyed their egos, but really, all they have done is substitute a Spiritual Ego (much more annoying ego, in a way) for their previous egos.

The 4th Way has its place and may be useful to a point (like many practices), but in the final analysis, is a bunch of horse manure. You even said so yourself, in a way - you were invited to join some sort of "elite" esoteric 4th Way group in NYC, yet you found the group members robotic and idiotic, including Bill Murray.

Ouspensky died a drunk, in terrible shape - he talked a lot and wrote well, but in the final analysis, failed. On his deathbed, he basically recanted everything he wrote and said, "learn from direct experience, not from books."

Gurdjieff was the "real" thing, by all accounts, and even told Ouspensky not to write Gurdjieff's teachings down, as real Truth cannot be put into words.

As for your supposed "level," high level individuals - using your artificial 4th Way constructs - don't go around recruiting a friend to beat up a drunk dude in front of his girlfriend because the drunk dude happened to run over one of your little kittens by accident. You detailed this story in the AITT forum quite awhile ago ... congrats, you are a true hero.

Yeh, real high level there ...

[SOL]

As for your supposed "level," high level individuals - using your artificial 4th Way constructs - don't go around recruiting a friend to beat up a drunk dude in front of his girlfriend because the drunk dude happened to run over one of your little kittens by accident. You detailed this story in the AITT forum quite awhile ago ... congrats, you are a true hero.

Yeh, real high level there ...

You need to read that story again. No one was recruited. When you read it again, you will see the error you just made. Hint it starts with that I happened to be walking ----------------

As for health and death. No fear there. I clarified that recently when you made that comment. I don't know how long I will live. If I happen to live long, I would like to be in good shape. If not, I would prefer to go out younger in decent shape than living longer in bad shape. I see no wiggle room there, as in everything is definitive and does not leave room for speculation. Also, I am not sure how either position could be deemed to be fear-based. Prevention is not fear. Otherwise, one could claim that not walking onto oncoming traffic when the light is red is due to fear

As for levels, I have mentioned over and over again in anything I post. Everyone is free to disagree or discard anything that I have said

I know you like to egg people, but your style is quite predictable lol, so my responses are not based on egging but on the fact that I don't mind responding to some of the topics you bring.

As always, I could be entirely wrong, and you would be entirely correct, and I am okay with whatever direction you lean or others lean towards. In the end, there is still much to learn

[AstuteShift]

4th way is pretty interesting, however I take what works for me and throw out the rest lol

In other news BABA has 15 days to comply with SEC accounting standards or face a delisting

As a bear to China, this is music to my ears. Imho this is only the beginning but I’m no expert lol

[LoriPrecisely]

It ended after hours with the earnings release for AAPL and AMZN. One of our plays popped big time also. I would have closed but my alert doesn't notify after hours. Will pay closer attention but expect the a.m. will provide ample opportunity for the sale.

A lot of stocks jumped after hours.
I sold a call on Amzn for 125. that expires today. The price stayed below that all week, closing Thursday at 122. I thought I was safe until I saw the after hours jump. I will likely lose my AMZN shares today. (there is no crying emoji) The premium to buy back is too much to make it worth it. I will be watching this all day. Maybe I will buy GOOGL instead.

You will get another chance, the markets should experience another minor top sometime in August, so a lot of companies will let out some steam before rallying higher. If you made money you lost nothing but gained valuable experience

I bought to close. If AMZN stays at 132 or above, I am profitable.
I have to go walk the dog now.

[jlhooter]

Sold an AMZN $180 Jun 2023 call today for $5.24 which puts me at $99 cost basis. Please call my shares for 80% gain. If/when markets tank I will roll my position often.

[LoriPrecisely]

Sold an AMZN $180 Jun 2023 call today for $5.24 which puts me at $99 cost basis. Please call my shares for 80% gain. If/when markets tank I will roll my position often.

Don't your shares usually get called away only near expiration?

[SOL]

Sold an AMZN $180 Jun 2023 call today for $5.24 which puts me at $99 cost basis. Please call my shares for 80% gain. If/when markets tank I will roll my position often.

Don't your shares usually get called away only near expiration?

That is normally the case, but rarely the owner of the call decides to exercise his right to call your shares early. However, this is a rare phenomenon nowadays.

[SOL]

4th way is pretty interesting, however I take what works for me and throw out the rest lol

In other news BABA has 15 days to comply with SEC accounting standards or face a delisting

As a bear to China, this is music to my ears. Imho this is only the beginning but I’m no expert lol

There are experts, there are only fools that think they are experts because they have a following of fools to support their alter ego

https://www.youtube.com/watch?v=y50i1bI ... AfterSkool


As for the 4th way or anyway, there are many paths that lead to the same target; all it takes is some effort and persistence. One clue to separate the Riff from the Raff is to never follow anyone that acts like they know it all and loves to have followers around them.

[bpcw]

4th way is pretty interesting, however I take what works for me and throw out the rest lol

In other news BABA has 15 days to comply with SEC accounting standards or face a delisting

As a bear to China, this is music to my ears. Imho this is only the beginning but I’m no expert lol

There are experts, there are only fools that think they are experts because they have a following of fools to support their alter ego.


As for the 4th way or anyway, there are many paths that lead to the same target; all it takes is some effort and persistence. One clue to separate the Riff from the Raff is to never follow anyone that acts like they know it all and loves to have followers around them.

“Leave them; they are blind guides. If the blind lead the blind, both will fall into a pit” JC